What are the Paradise Papers-

09:29
Campaigners for an elected head of state have called on the Queen to be honest with the public over her financial affairs.

Reacting to the revelation that millions of pounds from the Queen’s private estate has been invested in a Cayman Islands fund, Graham Smith, chief executive of Republic, said:

“The Queen is responsible for her investments, she should have instructed her advisers to ensure her money was invested ethically, and that there was no tax dodging involved.”

“The Queen’s personal wealth and investments mean she has a direct interest in government decisions about tax. Yet we have no way of knowing if undue influence has been used by the royal household to protect these investments.”

“The Queen now needs to come clean, to set the highest standards of transparency and probity in her financial affairs.”

“We need to know where the Queen is making her money and what taxes she is paying. We also need to know if there has been any lobbying of the government regarding tax haven reform.”